Wireless Charging Market size was valued at USD 18.4 Billion in 2023 and the total Wireless Charging size is expected to grow at a CAGR of 21.72 % from 2024 to 2030, reaching nearly USD 72.82 Billion by 2030.
Wireless Charging Market Overview
The wireless charging market is expanding rapidly as consumer demand for convenient and efficient power solutions grows. This technology, which allows for cable-free power transfer, is increasingly used in smartphones, wearable devices, and electric vehicles. Innovations in Qi standards and resonant charging technologies are enhancing charging speed and efficiency, making wireless solutions more appealing. The shift towards a more connected, wireless lifestyle and advancements in energy transfer technologies are driving market growth, with significant adoption expected across consumer electronics, automotive, and industrial sectors.
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Market Forecast and Key Dynamics:
The wireless charging market is anticipated to grow significantly, driven by the increasing adoption of wireless charging technologies in consumer electronics, electric vehicles, and industrial applications. Key dynamics include advancements in charging speed, efficiency, and the expansion of wireless charging infrastructure. The growing trend of integrating wireless charging capabilities into new devices, coupled with consumer demand for convenience and the decline in technology costs, is expected to propel market growth.
Wireless Charging Market Regional Insights
North America leads the wireless charging market, driven by high consumer adoption rates, advanced technological infrastructure, and significant investments in electric vehicles and smart devices. Europe follows closely, with strong support for innovation and sustainability, and increasing integration of wireless charging solutions in consumer electronics and automotive sectors. The Asia Pacific region is experiencing rapid growth, fueled by rising smartphone penetration, industrialization, and investments in electric vehicle infrastructure in countries like China and Japan.
Wireless Charging Market Segmentation
By Component
Transmitters
Receivers
Others
By Technology
Inductive
Resonant
Radio Frequency
Others
By Applications
Automotive
Consumer Electronics
Industrial
Healthcare
defence
Others
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Wireless Charging Market Key Players
Energizer Holdings (US)
Integrated Device Technology (US)
Murata Manufacturing (Japan)
Qualcomm Incorporated (US)
Powermat Technologies (Israel)
Texas Instruments (US)
Witricity Corporation (US)
Samsung Electronics (South Korea)
Sony Corporation (Japan)
TDK Corporation (Japan)
Energous Corporation (US)
Ossia Inc. (US)
ZenS B.V (Netherlands)
Apple (California)
XX Inc.
Key questions answered in the Wireless Charging Market are:
- What is Wireless Charging?
- What was the Wireless Charging market size in 2021?
- What is the growth rate of the Wireless Charging Market?
- Which are the factors expected to drive the Wireless Charging market growth?
- What are the different segments of the Wireless Charging Market?
- What growth strategies are the players considering to increase their presence in Wireless Charging?
- What are the upcoming industry applications and trends for the Wireless Charging Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Wireless Charging Market?
- What segments are covered in the Wireless Charging Market?
- Who are the leading companies and what are their portfolios in Wireless Charging Market?
- What segments are covered in the Wireless Charging Market?
- Who are the key players in the Wireless Charging market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by Different Segment | 2022-2027
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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